Short Interest in abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) Increases By 237.3%

abrdn Physical Precious Metals Basket Shares ETF (NYSEARCA:GLTR) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 47,508 shares, a growth of 237.3% from the July 15th total of 14,084 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 82,450 shares, the days-to-cover ratio is currently 0.6 days.

abrdn Physical Precious Metals Basket Shares ETF Stock Down 1.1%

GLTR stock traded down $2.28 during trading on Thursday, reaching $197.51. The company had a trading volume of 37,181 shares, compared to its average volume of 110,796. abrdn Physical Precious Metals Basket Shares ETF has a twelve month low of $139.31 and a twelve month high of $295.44. The firm has a 50-day simple moving average of $187.94 and a 200-day simple moving average of $213.95.

Institutional Investors Weigh In On abrdn Physical Precious Metals Basket Shares ETF

Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its position in abrdn Physical Precious Metals Basket Shares ETF by 953.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 128,338 shares of the company’s stock worth $21,227,000 after purchasing an additional 116,151 shares during the period. LPL Financial LLC boosted its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 39.6% in the fourth quarter. LPL Financial LLC now owns 380,713 shares of the company’s stock worth $78,275,000 after buying an additional 107,963 shares during the last quarter. Argos Wealth Advisors LLC acquired a new stake in abrdn Physical Precious Metals Basket Shares ETF during the fourth quarter worth about $17,160,000. Thrivent Financial for Lutherans acquired a new position in abrdn Physical Precious Metals Basket Shares ETF in the fourth quarter valued at approximately $16,966,000. Finally, Wells Fargo & Company MN grew its stake in shares of abrdn Physical Precious Metals Basket Shares ETF by 12.0% during the 4th quarter. Wells Fargo & Company MN now owns 471,068 shares of the company’s stock worth $96,852,000 after purchasing an additional 50,391 shares during the period.

About abrdn Physical Precious Metals Basket Shares ETF

The abrdn Physical Precious Metals Basket Shares ETF (GLTR) is an exchange-traded fund that mostly invests in broad market commodities. The fund tracks the spot prices of a basket of gold, silver, platinum and palladium, less trust expenses. GLTR was launched on Oct 22, 2010 and is managed by Abrdn.